TLDR
- D-Wave Quantum (QBTS) stock hit an all-time high of $29.23 on October 2, 2025, then rose to $30.35 in pre-market trading.
- The company raised $400 million in July 2025, boosting its cash position to $819 million by Q2 2025.
- North Wales Police cut emergency response times by 50% using D-Wave’s quantum technology, solving problems in 4 minutes versus 4 months.
- Ford Otosan reduced vehicle scheduling time by 85% with D-Wave’s hybrid quantum scheduler.
- QBTS stock posted a 3,058% one-year return with revenue growth of 120.2% over the last twelve months.
D-Wave Quantum stock reached an all-time high of $29.23 on October 2, 2025. The stock jumped 14% during that trading session.
Shares continued climbing to $30.35 in pre-market trading on October 3. This represents a 3.87% gain as of 6:58 AM EDT.
The rally marks a 60% increase from mid-September levels. Just three weeks ago, QBTS traded around $18 per share.
The company now holds a market capitalization near $10 billion. Revenue growth hit 120.2% over the last twelve months.
The one-year return stands at 3,058%. Institutional ownership has reached 42.5% of shares.
Strong Balance Sheet From Capital Raise
D-Wave completed a $400 million at-the-market equity offering in July 2025. This capital raise transformed the company’s financial position.
The funds pushed D-Wave’s cash balance to $819 million by Q2 2025. This ranks among the strongest balance sheets in the quantum computing sector.
Management allocated these funds for research and development. Plans include advanced cryogenic packaging with NASA’s Jet Propulsion Laboratory.
The company is working toward 100,000-qubit systems. The strong cash position removes near-term profitability pressure.
Analysts at Zacks Investment Research noted this financial flexibility. The capital allows D-Wave to handle the lumpy sales cycles typical of quantum hardware.
Hedge funds like McGuire Investment Group increased their positions by over 1,200%. The market views this war chest as a competitive edge.
Police and Automotive Partnerships Prove Value
D-Wave announced a partnership with North Wales Police on September 30, 2025. The project demonstrated practical quantum computing applications.
D-Wave’s hybrid quantum solvers optimized vehicle deployment. The system completed the task in 4 minutes versus 4 months with classical computing.
Emergency response times dropped by 50%. This UK government-funded project shows immediate operational benefits.
Ford Otosan deployed D-Wave’s hybrid quantum scheduler with strong results. The automotive manufacturer cut vehicle scheduling time by 85%.
These deployments validate quantum annealing for commercial use cases. A July 2025 survey found 81% of business leaders believe classical computing has hit its limits for optimization.
Some 27% expect quantum solutions to deliver over $5 million in first-year ROI. McKinsey projects quantum computing revenue will grow from $4 billion in 2024 to $72 billion by 2035.
Q2 Earnings Show Mixed Results
D-Wave reported Q2 fiscal 2025 earnings with a loss of -$0.08 per share. This missed forecasts of -$0.05 per share.
Revenue beat expectations at $3.1 million versus $2.59 million expected. The company posted an 83% increase in Asia Pacific bookings over the past 12 months.
Benchmark maintained its Buy rating with a $20 price target. Piper Sandler raised its target to $22 from $13 while keeping an Overweight rating.
D-Wave maintains a gross profit margin of 82.5%. The company plans to host its first Qubits Japan 2025 user conference in Tokyo.
InvestingPro analysis suggests QBTS is trading above its Fair Value. The stock’s momentum reflects growing confidence in quantum computing commercialization.
